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2006 Grand Banks 54 Eastbay SX

Annapolis, MD



Altair is an exceptional example of this classic Ray Hunt designed Grand Banks Eastbay 54'.  She is in excellent condition with a Flag blue hull, gold leaf cove stripe, Sandstone tan nonskid decks with white waterways. The  exterior bright work is in excellent condition, and the hull has been ceramic coated as well as the cabin sides, cabin, and windows.   ALTAIR is in very nice condition inside and out.  Her interior is finished in high gloss and her soft goods were replaced in 2021,  The decls were painted in 2018 and the hull was painted in 2019.  She is equipped with C-15 Acert Caterpillar diesels rated at 850hp.  All engine services are up to date.  She had a few service details completed in Stuart, the Grand Banks service yard in may including:  Both shafts were pulled, cutlass and tube bearings replaced, props reconditioned and prop speed coated, and all batteries replaced. Over the last year al four AC units were replaced as well as the salt water pump. Altair was also hauled 9/25/23 the bottom cleaned, all underwater metal cleaned, prepped, and repainted or Propspeed coated as necessary. Zimcs were checked and replaced as needed.  The Caterpillar dealer has also just completed an inspection and repairs as needed.  She is standing tall and ready for her next owners. 

Please contact Tom Maynard the central agent with any questions. C. 401 678 6671 Full details, 




Down East Yachting is pleased to assist you in the purchase of this vessel. This boat is centrally listed by Atlantic Coast Yacht Brokers.

Basic Boat Info

Boat Name: Altair
Make: Grand Banks
Model: 54 Eastbay SX
Year: 2006
Condition: Used
Category: Power
Construction: Fiberglass
Boat Hull ID: GNDH0106E106
Has Hull ID: Yes


Length: 54 ft / 16.46 m
Length Overall: 53'9 ft / 16.38 m
Waterline Length: 49'6 ft / 15.09 m
Beam: 16 ft / 4.88 m
Dry Weight: 56,500 lb
Electrical Circuit: 110 V
Single Berths: 1
Double Berths: 1
Twin Berths: 2
Cabins Count: 2

Engines / Speed

Engines: 2
Engine #1 Specs:
  • Make: Caterpillar
  • Model: Acert C-15
  • Fuel: Diesel
  • Engine Power: 850hp
  • Type: Inboard
  • Year: 2006
Engine #2 Specs:
  • Make: CAT
  • Model: Acert C-15
  • Fuel: Diesel
  • Engine Power: 850hp
  • Type: Inboard
  • Year: 2006
Total Engine Power: 1,700hp


Fuel Tanks: 1
Fuel Tank Capacity: 935 gal
Water Tanks: 1
Water Tank Capacity: 200 gal


Heads Count: 2
Windlass Type: Electric
Boat Class: Cruisers

Manufacturer Provided Description
Welcome to a world of luxury cruising wrapped in the power and performance of a true express cruisier. With a modified deep-V hull designed by the legendary C. Raymond Hunt Associates, the 54SX boasts an incredibly smooth, quiet ride. With CAT 3406E 800 HP Engines, the 54SX is quick to plane and reach cruising speeds up to 27 knots, going full throttle at 30. Inside, the beautifully crafted teak furnishings, gracious layout and light-filled spaces exemplify the Grand Banks quality tradition at every turn.
Altair Specifications

ALTAIR is one of the most stunning Eastbay 54's ever made! She features a two stateroom, two head layout with a lounge area across form the galley with a pocket door. Which allows this area to serve as a third stateroom with a single berth when/if desired. She has been constantly updated through the years including many updates recently. Her owners are very experienced yachtsmen and have spared no expense in her maintenance and upgrades. She is truly one of n kind!


ALTAIR has a large cockpit for entertaining with three teak folding chairs, built in bench seating, an electric grill, and good storage. Her expansive interior with the optional high gloss finish is elegant and airy. With her large windows and huge windshield she provides 360 degree views, light, and great visibility for the helmsman and guests. She has both helm and companion Stidd pedestal chairs. The companion seat is also provided with a chart plotter screen to view the path ahead.
Some of her features are:
Side helm door for convenient access to the sidedeck
Caterpillar C 15 electronic engines
"Quick Shift" electronic shifter/throttles with troll mode and engine synchronizer
Large glass Garmin MFD screens and Garmin open array radar 2017- software upgraded 2022.
"Yacht Controller" wireless controller for main engines and thrusters
2017 Stainless Steel Sub Zero refrigerator drawers
2017 Pay Kil dishwasher
Side-Power bow and stern thrusters
Upgraded Mirantz surround sound stereo system
FLIR Night Vision Camera
Wifi Extender & Router
TNT hydraulic swim platform for a tender or beach!
Recent canvas screen covers for windows, chairs, and new foredeck sunpad
New washer/dyer - by Spendid 2017
All new soft goods 2017


Entrance to ALTAIR is through the aft starboard transom door off the large swim platform. Or via molded steps port and starboard. This is a large area and can be used for entertaining with the teak chairs, high bench seating, and the electric grill concealed under conver on the starboard side.
The salon entrance door is centerline three comfortable steps from the cockpit. These steps lift up at the touch of a button to provide access to the engine room. The double doors open outward and allow for a wide entrance in an out of the main salon.
The interior features the high gloss teak interior throughout and high quality woodwork that Grand Banks is famous for. There is a straight settee on the port side with a try-fold teak table with holly inlay and two stools for additional seating. Two Grand Banks barrel chairs flank the entertainment console. There is a large flatscreen TV on a lift outboard of this console. The teak & holly sole is covered by a custom banded flat weave rug with a plaltic runner to protect from wear and tear and sun exposure.
The helm features a Stidd pedestal seat and there is a companion Stidd pedestal seat to port featuring a duplicate GPS screen. The 360 degree views out the large windows of the salon let in an abundance of natural light and allow for exceptional visibility from the helm. Natural ventilation is provided by a center "vent" powered window in the windshield, two overhead hatches, two sliding windows, the side helm door, and the aft double salon doors.
Head down a set of stairs centerline to the U shaped galley to port with all the amenities to produce meals at rest or underway. Included are two sets of Sub-Zero refrigerated stainless steel drawers, deepfreeze, Sharp microwave/convection oven, Princess 3 burner stovetop, and a Force 10 oven. There is also good storage above and below the counter space. Adjacent tall locker in the lounge area can serve as a pantry if desired. The drawer style dishwasher is adjacent opening into the passageway forward.
Acoss from the galley to starboard is a multi-use room with straight settee/bunk, and round teak table which can be closed off with raised panel solid teak, pocket doors (instead of curtains). This feature can provide a third private sleeping area.
Heading forward to port is the guest stateroom with single side-by-side twin berths, hanging locker between them, drawers beneath the after berth. Which if the cushion is removed can be used as an office desk. Many of the original manuals for engines, transmissions, generator, appliances, and some records can be found here. There is a flat screen TV and separate stereo system for this cabin as well as AC/heat temp. controls.

To starboard and across from this guest cabin is the guest/day head with large separate stall shower.

The master stateroom is forward with a centerline queen pedestal bed with an inner spring mattress. There is plentiful storage in hanging lockers, drawers, and cabinets. The spacious master head with a large separate stall shower is aft to port. There is a flatscreen TV and a operate stereo system, AC/heat control as well.


Hull topsides Awlcraft Flag Blue 2019
Superstructure White Gelcoat
Non-skid "Moon Dust" 2018
White boot stripe
Cove stripe 14-Karat Gold painted Awlgrip -2020
Gelcoat fiberglass exterior
Epoxy barrier undercoat
Structural grid -FRP molded and foam
Molded quarter guard with SS rub rail
FRP composite vacum bagged w/PVC foam cored above waterline; Solid fiberglass
below waterline.


Twin Caterpillar 850hp diesel engines with Twin Disc MGX 5114A gears
Twin Disc "Quick Shift" electronic shifter/throttles with troll mode and synchronizer
Yacht Controller with 4 function wireless controller (bow & stern Thrusters and 2x main engines)
Sleipner "Side Power" bow thruster- 24V/DC
Sleipner "Side Power" stern thruster 24V/DC
Dry bilge system
Drip pans under engines
Engine block heaters


Dual watertight salon doors w/full glass
Pilothouse door to starboard
Anchor chain locker-self-draining
Highly polished SS anchor platform with single roller
Windlass-w chain 24V/DC
SS 601-anchor with full chain rode
Spare aluminum Danfor anchor
Dorade boxes- high gloss teak with chrome cowls
Engine room vents, Delta T Air de-misters
Mast- aluminum w/custom mounts- Awlgrip White
Rubrail heavy-duty vinyl with stainless steel insert
Safety rails, stainless steel with intermediate rail
Custom pilothouse SS rails
Rail gates port and starboard
Varnished teak toerail
Bennet trim tabs
Windows- flush installation, tempered glass, V-Cool Coated (clear UV Protection)
Emergency life raft w/hydrostatic release
Epirb with hydrostatic release
2 Nimbral propellers remove, balanced, PropSpeed coated and reinstalled May 2023
Shaft logs with dripless shaft seals


Generator- Onan 13.5 KW with sound sheild
Inverter Vantrex Trace PS-2400 with dedicated 8D batteries (2)
Air conditioning, reverse cycle (4 units) new 2023 (3) @ 12,000BTU nd (1) @ 6,000 BTU
Triple Kahlenberg Air Horns- new 2017
All New batteries 2023 2x 8D starting batteries, 4x 8D house, 2x 8D inverter, 1x 2D generator
Battery charger, automatic, 24V
50-amp battery charger automatic, 12V
Bilge pumps (4) automatic
Carbon monoxide detectors in sleeping areas
Fuel transfer pump
Oil change kit 24V/DC


(3) Garmin 8617 GPS. sounder, & radar, new 2017 w/software updated 2022
NEMA GPS antenna
Black Box digital antenna
8' VHF antenna w/ 6 db gain
Airmar PB200 NMEMA weather station
Syrens WiFi MPAP-5000 Gateway Access Point
Garmin Autopilot
Satellite weather
ACR RCL- 100 spotlight
TR engine room and stern video cameras, display on Garmin screens
VHF ICOM M602 w/command mic
FLIR Night Vision Camera integrated to Garmin units -new 2017
KVH HD Satellite TV, new 2017


28" Sony Flat Panel LED TV installed on lift in main salon, new 2017
LCD 13" Flat Panel TV bulkhead mount teak cabinet port guest cabin, new 2017
LCD 13" Flat Panel TV bulkhead mount teak cabinet fwd cabin, new 2017
Mirantz Stereo System: AM/FM CD-DVD,MP3 and Ipod capable, (5) cubes, 1 woofer, (2) cockpit speakers
New cutlass bearings
New tube bearings
Propellers removed, sent out, reconditioned and balanced,
Shafts removed and checked
Shafts reinstalled and aligned
Props reinstalled
All running gear prepped and Prop Speed coated
Hydraulic swimplatform removed, new frame fabricated, teak refastened and refinished, swim platform reinstalled, metal prepped and bottom painted.
Bottom prepped and new antifouling paint applied
New batteries installed
2 new AC/heat units installed
New saltwater pump installed for AC units
All above work done at the Grand Banks service yard in Stuart, Fl. May of 2023 totaling approx. $87,000

Then the yacht was delivered to Annapolis trouble free.
In Annapolis the engines were inspected and services were brought up todate by Carter Marine the Chesapeake Bay Caterpillar dealers.
The remaining two AC units were replaced last September
3 new automatic bilge pumps were installed
All new canvas covers for windows and outside cushions
New forward sunpad cushions
The captain has finished most everything on a running todo list down to windshield wipers, light bulbs, etc.


3 new Garmin MFD's including GPS, Depth, Radar & Autopilot- all interfaced.
FLIR Night Vision Camera -interfaced with the Garmins
(2) Engine room cameras- interfaced with the Garmins
KVH HD-7 Satellite TV
Triple Kahlenberg air horns
Custom cockpit awning
Custom cockpit bech cushions
Cockpit under coaming lighting
New underwater lights
All interior softgoods redone
Upgraded stereo system
New flatscreen TV's
New Yacht Controller
WiFi extender & Router
New washer/dryer- Spledid
New Fisher Paykel dishwasher
New Sub-Zero Refrigerator/Freezer

ALTAIR is ready to go anywhere and her owner's great care and her captain' great care are evident upon inspection. This broker has not seen another Eastbay 54' brought to this level of condition and readiness. We invite your inspection!

The Company offers the details of this vessel in good faith but cannot guarantee or warrant the accuracy of this information nor warrant the condition of the vessel. A buyer should instruct his agents, or his surveyors, to investigate such details as the buyer desires validated. This vessel is offered subject to prior sale, price change, or withdrawal without notice.

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